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Charoen Pokphand Foods (Thailand) Public Co Ltd plans to offer two tranches of unsubordinated and unsecured name-registered debentures with bondholders’ representatives. The offering targets institutional and high-net-worth investors seeking stable, long-term returns.
The two trances include a 6-year bond with an annual coupon expected between 2.14-2.54%, and a 12-year bond offering between 2.85-3.25%. Interest will be paid semi-annually. Final rates will be confirmed closer to the subscription period scheduled for October 17 and October 20-21, 2025.
Strong credit rating and market confidence
The bonds have received a credit rating of ‘A’ from TRIS Rating, reaffirmed on April 18, 2025. Lead managers expressed confidence in strong investor interest, citing CPF Thailand’s consistent performance and strategic importance within the CPF Group.
They stressed the company’s role in national food and economic security, supported by its integrated agri-food operations and resilient business model. The ‘A’ rating reflects CPF Thailand’s financial stability and long-term growth potential.
Integrated agri-food operations drive stability
CPF Thailand is a leading agri-food business in Thailand, specializing in land-based livestock including poultry (broiler, layer and duck) and swine. Its operations span the full value chain—from feed production, breeding to farming, processing, and ready-to-eat food manufacturing.
The company prioritizes food safety and quality through modern production standards, while also promoting social responsibility and environmental sustainability.
In fiscal year 2024, CPF Thailand reported revenue of USD 4.82 billion and a net profit of USD 183.5 million. This marked a recovery from its 2023 loss, driven by improved market balance and lower farming costs.
The rebound followed an oversupply of meat in 2023 and was supported by better livestock management and raw material sourcing.
Subscription details and investor access
For high-net-worth investors, the minimum subscription is USD 3073, with additional investments in increments of the same amount. Subscription will be available on October 17 and again on October 20-21 through nine participating financial institutions.
CPF Thailand is currently in the process of filing its registration statement and draft prospectus, which have not yet become effective. Investors are encouraged to review the official documents on the Securities and Exchange Commission website at www.sec.or.th or contact one of the participating distributors for more information.
Participating distributors include Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, CIMB Thai Bank, United Overseas Bank (Thai), Yuanta Securities (Thailand), Asia Plus Securities, and Krungthai XSpring Securities.
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